asset acceptance fails to vailidate

How long ago this debt took place? First of all, check if this account is within the SOL period of your state or not? If the statues have expired, you have the choice to skip payment legally? Check the date of last activity in this account before you make any payment agreement? Most of the times, Asset Acceptance buys junk debts that have no proven records.

After you have verified the SOL and if it is past the legal collection period, your next move with Asset Acceptance will be to dispute mentioning the point. Send the dispute letter through certified mail with return receipt requested so that you are sure about the delivery. You will have proof of your actions if anything needs to be proven in the court. Keep copies documented in a file and in safe place.

If the debt is within the SOL period, ask them to verify the details with the original creditor once again. You have the legal rights to dispute when the account is missing information. They can't attempt any collections before everything is sorted out.

Check the SOL of this account first by verifying the date of last activity.

I will prefer to send a copy of this letter sent by Asset Acceptance to the credit bureau for verification purpose. Explain the point that the company has failed to give you the necessary details. In this way, you will not only engage Asset Acceptance with the OC but you will also have the credit bureau verifying your account.

In my wife's case, Asset Acceptance appears to making up debt, as old as 15 years. Everytime we send the letter, this debt is not collectable, they pull another one out of the hat. Initially we tried by asking for proof of the debt, and they could never provide any such proof. Now they just call and say unless you pay this we'll ruin your credit.

Phil, monitor your credit report closely. If Asset Acceptance enters anything in your credit report, it will be fraudulent by all means. The fdcpa and the FCRA laws remove the negative information from the file after 7 years. Your account cannot be re-inserted back unless you have paid some money towards this account recently.

When the CA contacts you for a debt, ask them to give you the validation details. The FDCPA gives you the legal rights to know the account details from the collection agencies. Without serving proper details and after getting it verified by you, they can't attempt collections further.

Once you receive something in writing from the company, send a dispute letter mentioning the expiry of the SOL. Send the letter through certified mail with return receipt requested. This will ensure the delivery of the letter and you will have proof of all your actions.